Hunton Atty's Alleged Stock Tip Sparks Criminal Probe

Law360, New York (February 19, 2014, 5:15 PM EST) -- A U.S. Securities and Exchange Commission case alleging two men traded on inside information supplied by Hunton & Williams LLP drug patent attorney Robert Schulman has spurred a criminal investigation, federal prosecutors revealed Tuesday.

Loretta E. Lynch, the U.S. attorney in Brooklyn, filed a motion urging a Florida federal judge to stay the SEC's suit against Tibor Klein and Michael Shechtman "due to the pendency of a related, ongoing criminal investigation in the Eastern District of New York."

According to the SEC’s Sept. 20 complaint, Schulman,...
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